Hualing Kutaisi Free Industrial Zone

Hualing Kutaisi FIZ is an excellent industrial, logistics, and trading hub in the region of the Caucasus, providing a plethora of opportunities for enhancement of commercial and business ties between Europe and Asia.

Nestled in the heart of Georgia's second city, Kutaisi, the Hualing Kutaisi Free Industrial Zone has been a beacon of economic opportunity since its inauguration in 2015. This strategically located hub offers unparalleled access to the dynamic markets of Europe and Asia, making it an ideal platform for industrial, logistics, and trading ventures.

With its state-of-the-art infrastructure, including rail, road, port, and air transport links, the zone is well-positioned to streamline operations and reduce costs for businesses. Currently, five enterprises are thriving within the zone, specializing in wood processing, furniture production, stone processing, metal construction, and mattress manufacturing.

As Georgia continues to strengthen its position as a regional economic powerhouse, the Hualing Free Industrial Zone stands ready to empower businesses to capitalize on the region's immense potential.

Benefits of Incorporating a Company in Kutaisi Free Industrial Zone

• 100% exemption from corporate profit tax, VAT, dividend tax, and other taxes.
• 100% exemption from import and export duties on cargo, including raw materials, equipment, machinery, and prefabricated goods.
• It offers 100% repatriation of capital and profits.
• No minimum initial capital requirement.
• There are no mandatory state audits.
• A streamlined company setup process.
• There are minimal fees for licenses, services, and building permits.
• It also offers a free trade regime with CIS countries.
• The process for obtaining Certificates of Origin for industries is comparatively simplified.

Licenses Available in Hualing Kutaisi FIZ

Below is the list of licenses available in the Kutaisi Free Industrial Zone:

• Industrial license
• General trading license
• Special trading license
• Consulting license
• Service license
• Financial and banking license
• Logistics license
• Contracting license

Activities Permitted in Hualing Kutaisi FIZ

The following are the business activities that are allowed in the Hualing Free Industrial Zone:

• Import, export, store, produce, package, process, or manufacture any goods (apart from tobacco-related raw materials).
• Provision of all services by foreign enterprises.
• Provision of limited services by the companies registered under the Georgian law, which are transportation, communication, sewerage, audit/consulting, financial services from licensed institutions, fixed assets instalment, and construction services

Activities Restricted in Kutaisi Free Industrial Zone

The following are the prohibited activities in this industrial zone:

• The use of buildings for living, construction of capital, and temporary buildings for housing, as well as hotel purposes.
• Manufacturing and trade in weapons or ammunition.
• Production and trade in nuclear and radioactive substances.
• Entry, storage, production, and sale of narcotics and psychotropic substances.

How do you register a company in a Hualing Free Industrial Zone?

While registering your company in the Georgia Free Zone, the first step that you need to follow is filling out an application form available on the official website of the Hualing Kutaisi Free Industrial Zone. Once you fill out the application form, you need to:

1. Approval of the Application

Once you have filled out all the details in the application and submitted it to the concerned authorities, the officials will either approve or reject it, depending upon the authenticity of the details. If the administrator approves it, they will provide an invoice.

2. Preparing, Notarizing, and Registration of the Documents

Now, you must translate all required documents into Georgian and have them notarized before submitting them to the officials.

3. Registration

Submit the registered documents and a letter of consent for the legal address allocation, signed by the director or an authorized person, to the National Agency of Public Registry of Georgia. Once approved, the free zone authorities will issue the enterprise a relevant license. This step takes 1-2 days to complete.

4. Lease Agreement

The Administrator and Hualing Kutaisi Free Industrial Zone Enterprise will sign the lease agreement and pay the first year's rent. If the agreement extends beyond a year, it will then be registered in the Public Registry of Georgia.

Documents Required for Establishing a Company in Hualing Free Industrial Zone

• Charter of the parent company/shareholder (apostilled or legalized)
• Extract of the parent company from the commercial registry of its state of incorporation
• Minutes of Meeting (MOM) of the parent company on the establishment of the offshore enterprise in the Hualing Kutaisi Free Industrial Zone, including information on appointed directors and the corporate form of the Hualing Kutaisi FZ Enterprise
• Power of Attorney from the parent company authorizing a person to sign documents for the registration of the free zone enterprise
• Charter signed by the shareholders of the Georgia free zone company
• Consent of all company directors, signed officially

Facilities Provided by the Hualing Free Industrial Zone

Here is the list of facilities provided by this Georgia FIZ:

• Land for industrial usage or warehousing
• Ready-made buildings for industrial usage or warehousing
• Office spaces
• Office desks
• Smart offices

If you want to take advantage of the benefits and facilities mentioned above, contact us today to set up your business in the Hualing Kutaisi Free Industrial Zone in Georgia.